by Jahangir Shah inProthom Alo, December 20, 2023China has become the fourth largest source of foreign loans in Bangladesh thanks to the latter’s growing interest. Japan, the World Bank, and the Asian Development Bank (ADB) now precede China in terms of loan disbursements. Currently, Bangladesh sources nearly 10 per cent of its total annual borrowings from China, with at least $1 billion disbursed annually over the last two years. Bangladesh has registered a surge in…
Posts tagged as “chian”
Report in The Island, Nov 20, 2023Cash strapped Sri Lanka has deprived itself of valuable foreign currency by exporting genuine Sri Lankan cinnamon to China as firewood for seven decades. SLPP lawmaker Yadamini Gunawardena has recently raised this issue at the Ministerial Consultative Committee on investment, chaired by State Minister DilumAmunugama. Subsequently, the Export Development Board (EDB) has taken up this matter with China and necessary remedial measures have been taken. Last week, EDB officials…
By SHIHAR ANEEZ in EconomyNext, Nov 5, 2023 at 10:54 pmChina has sought approval from Sri Lankan authorities for another research ship in early next year, but the approval is yet to be granted, two government sources said amid rising objections from the island nation’s neighbour, India, over the region’s security concern. The sources, however, said unlike the earlier approved requests, the latest has come without a local partner and the research area being decided…
by Kelum Bandara in Daily Mirror, Nov 2, 2023China’s Sinopec is to make an initial investment of US$1.5 billion, the single largest foreign direct investment (FDI), in building a refinery in Hambantota once the agreement is finalized within the next two weeks, a top source said. It remained a foregone conclusion in political circles that the company would be awarded the project, though the government says it is open to any company participating in the…
by Kelum Bandara in Daily Mirror, Sept 29, 2023China, more than any other country in the region or elsewhere, offers exchange programmes to the parliamentarians from Sri Lanka. In the previous Parliament, all 225 members were offered chances to undertake familiarisation tours to China and to engage with the Communist Party of China (CPC) as part of its international engagement. A fair number of MPs from the current Parliament has also travelled to China currently,…
report in Nepalnews.com, Sept 28, 2023Prime Minister Pushpa Kamal Dahal has said he had felt that the China visit was more successful than he had expected. Addressing a programme organized by Nepali Consulate General here in the course of his China visit, PM Dahal, argued that the success of his China visit would be a matter of interest. “I was wondering how the China visit would be as I arrived here directly from the US.…
by Anil Giri in The Kathmandu Post, Sept 27, 2023Nepal and China on Tuesday issued a 13-point joint statement as part of Prime Minister Pushpa Kamal Dahal’s ongoing China visit, but it is short on specifics on how it will result in greater support and assistance from China, be it executing past agreements or signing of any new deal with Beijing. The joint statement released early Tuesday contains vague language and falls short of addressing…
by Anil Giri in The Kathmandu Post, Sept 26, 2023As Prime Minister Pushpa Kamal Dahal wrapped up his political and official engagements in China during his week-long visit, the two countries on Monday signed a dozen agreements and memorandums of understanding. But none of the agreements involved Belt and Road Initiative (BRI) projects. The prime minister was expected to iron out key differences over expediting BRI projects, cross border energy trade and implementation of past…
by Anil Giri in The Kathmandu Post, Sept 16th, 2023A Cabinet meeting on Friday evening cleared agreements, understanding and some memoranda of understanding (MoUs) to be signed during the upcoming visit of Prime Minister Pushpa Kamal Dahal to China beginning September 22. At the invitation of Chinese Premier Li Qiang, Dahal is going to China where he will visit Hangzhou, Beijing, and Chongqing and will return via Tibet. According to two ministers, at least seven…